4//SEC Filing
Phillips 66 4
Accession 0001534701-17-000059
$PSXCIK 0001534701operating
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:34 PM ET
Size
19.1 KB
Accession
0001534701-17-000059
Insider Transaction Report
Form 4
Phillips 66PSX
Taylor Timothy Garth
Executive Vice President
Transactions
- Exercise/Conversion
Performance Stock Units
2017-04-04−1,913→ 117,183 total→ Common Stock (1,913 underlying) - Exercise/Conversion
Common Stock
2017-04-04+1,913→ 50,133 total - Tax Payment
Common Stock
2017-04-04$78.11/sh−759$59,285→ 49,374 total
Holdings
- 2,005.517
Phantom Stock
→ Common Stock (2,005.517 underlying) - 492.945(indirect: By Phillips 66 Savings Plan)
Common Stock
- 30,100
Stock Options (Right to Buy)
Exercise: $72.25Exp: 2024-02-06→ Common Stock (30,100 underlying) - 32,100
Stock Options (Right to Buy)
Exercise: $62.17Exp: 2023-02-07→ Common Stock (32,100 underlying) - 46,932
Restricted Stock Units
- 60,700
Employee Stock Option (Right to Buy)
Exercise: $78.62Exp: 2026-02-02→ Common Stock (60,700 underlying) - 52,300
Employee Stock Option (Right to Buy)
Exercise: $74.14Exp: 2025-02-03→ Common Stock (52,300 underlying) - 63,800
Employee Stock Option (Right to Buy)
Exercise: $78.47Exp: 2027-02-07→ Common Stock (63,800 underlying)
Footnotes (12)
- [F1]Lapsing of restrictions on Performance Stock Units.
- [F10]The stock options become exercisable in three equal annual installments beginning February 7, 2018.
- [F11]The shares of phantom stock convert to Phillips 66 stock on a 1-for-1 basis.
- [F12]The shares of phantom stock were acquired under a Defined Contribution Makeup Plan providing for settlement upon termination of employment, subject to possible deferred payment in certain circumstances. The reporting of this transaction is not an acknowledgment that it is not an exempt transaction under an Excess Benefit Plan pursuant to Rule 16b-3(c).
- [F2]Restricted Stock Units settle for shares of Phillips 66 common stock on a 1-for-1 basis on the third anniversary of the grant provided performance criteria are met.
- [F3]Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-1.
- [F4]Performance Stock Units (PSUs) settle for shares of Phillips 66 common stock on a 1-for-1 basis at the end of the escrow period. The escrow period ends on the earliest to occur of: (a) five years; (b) termination of employment as a result of layoff; (c) termination of employment after attainment of age 55 with five years of service; (d) termination of employment due to death or total disability; or (e) termination of employment following a change in control. The PSUs will be forfeited if the reporting person separates from service prior to the end of the escrow period for any reason other than those listed above. During the escrow period, the reporting person may not dispose of PSUs. The reporting person may also elect to defer settlement of PSUs until a later date.
- [F5]The Performance Stock Units do not have an expiration date.
- [F6]The stock options became exercisable in three equal annual installments beginning February 7, 2014.
- [F7]The stock options became exercisable in three equal annual installments beginning February 6, 2015.
- [F8]The stock options became exercisable in three equal annual installments beginning February 3, 2016.
- [F9]The stock options became exercisable in three equal annual installments beginning February 2, 2017.
Documents
Issuer
Phillips 66
CIK 0001534701
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001534701
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:34 PM ET
- Size
- 19.1 KB